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Reserve of STABLE on spot exchanges | rSTABLE-S |
Reserve of STABLE on derivatives exchanges | rSTABLE-D |
INTERVALS
Tier 1: 1M, 1W, 3D, 1D
Tier 2: 1M, 1W, 3D, 1D, 12h, 4h, 2h, 1h, 15m, 10m, 5m, 1m
Tier 3: 1M, 1W, 3D, 1D, 12h, 4h, 2h, 1h, 15m, 10m, 5m, 1m
Stablecoin Reserves on Exchanges - rSTABLE
What is it?
rSTABLE is an indicator representing the total number of stablecoins held in accounts on cryptocurrency exchanges such as Binance, Kraken, KuCoin, and others.
ProsHigher stablecoin reserves (rSTABLE) suggest that more capital can be quickly redirected towards purchasing cryptocurrencies, including Bitcoin, potentially leading to an increase in its price.Observing the rSTABLE indicator can provide traders with insights into possible short-term price movements in the market.
ConsiderationsLower stablecoin reserves may signal a lack of market readiness for investing, which could suggest a potential long-term decline in the price of Bitcoin.rSTABLE indicator values must be analyzed in the context of other market data and global economic events.
RisksSudden and significant increases in stablecoin reserves (rSTABLE) can lead to dynamic price changes but can also be false signals or market manipulations.
Delays in on-chain data metrics in exceptional circumstances can reach up to 40 minutes. Due to the structure of the Bitcoin blockchain, delays in these metrics typically range around 20 minutes.
Colors for #rStable on Telegram
🔴 Sell Zone
🟠
⚪️ Neutral Zone
🟡
🟢 Buy Zone
Updated on: 07/03/2024